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5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
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What You Need to Know for Your 2023 Tax Return

 

Tax season is upon us once again, and it’s time to get organized for filing your 2023 tax return. Whether you’re a seasoned pro or a first-time filer, here’s a checklist to help you navigate the process with confidence:

Gather Your Personal Information

Before diving into the paperwork, make sure you have the following details handy:

  1. Social Insurance Numbers (SIN): Collect SINs for yourself, your spouse, and any dependents.
  2. Dates of Birth: Note down the birthdates of family members.
  3. Net Income Amounts: Gather net income figures for your spouse and dependents, especially if you’re claiming credits like the Canada Caregiver Amount.
  4. Installment Payments: Keep track of any payments made to the Canada Revenue Agency (CRA) throughout the year.
  5. Notice of Assessments: Retrieve last year’s assessments from the CRA.
  6. NETFILE Access Code: If you’re e-filing, you’ll need this code.

Income Slips

Depending on your sources of income, you’ll need to complete the relevant forms:

  • Employment Income (T4): If you’re employed, gather your T4 statement.
  • Self-Employment Income (T2125): For freelancers and business owners, complete the T2125 form.
  • Investment Income (T5 and T3): Collect statements related to investments.
  • Retirement Income (T4A, T4A (P), T4A (OAS), T4RSP, T4RIF): If you’re retired, these forms are essential.
  • Social Benefits (T4E, T5007): Don’t forget benefits received during the year.

CRA My Account

If you haven’t already, sign up for CRA My Account. It streamlines the process and ensures accuracy.

Remember, the deadline for most Canadians to file their 2023 tax return is April 30, 2023. If you’re mailing your return, make sure it’s postmarked on or before May 1, 2023.


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